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Alaska2026Passed Legislature

HB1003

HB1003: Tax Credits for School and Literacy Contributions

Last scannedSep 12, 2026, 4:46 AM

In one sentence

This bill allows taxpayers to claim credits on various state taxes when they donate cash or equipment to public schools, tribal education programs under a state compact, or state-funded literacy programs.

What it does

  • Adds tax credit options for donations of cash or equipment accepted by public schools.
  • Allows tax credits for contributions to programs operated by tribal entities or tribally empowered Alaska Native organizations through a compact with the state.
  • Creates tax credits for contributions made to state-funded literacy programs administered by the Department of Education and Early Development.
  • Applies these donation rules across multiple existing taxes, including insurance, income, oil and gas producer, property, mining business, fisheries business, and fisheries resource landing taxes.
  • Sets a combined limit so that total education tax credits claimed in one year cannot exceed $10 million for an individual taxpayer or their affiliated group.
  • Prevents the same donation from being used to claim more than one type of credit at the same time.

Who it affects

  • Taxpayers who pay insurance, income, oil and gas producer, property, mining business, fisheries business, or fisheries resource landing taxes in Alaska.
  • Public schools that receive donations from taxpayers.
  • Tribal entities and tribally empowered Alaska Native organizations operating education programs through a state compact.
  • The Department of Education and Early Development regarding its literacy programs.

Limits and unknowns

  • The bill text provided does not specify an effective date for when these changes begin.
  • The source material lists many tax types but does not explain how much credit each dollar of donation is worth under each specific tax.
  • The official text excerpt ends abruptly before finishing the final section on fisheries resource landing taxes, so some details may be incomplete.

Plain language

Terms to know

Tax Credit
An amount that reduces the total tax a person or business must pay to the government.
Affiliated Group
A group of related businesses treated as one unit for calculating credit limits, defined in state law AS 43.20.145.
Compact with the State
An official agreement between a tribal entity or Alaska Native organization and the state to operate specific programs.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

EDUCATION TAX CREDITS An Act relating to tax credits for contributions to public schools and programs operated by tribal entities or tribally empowered Alaska Native organizations through a compact with the state; relating to tax credits for contributions to state-funded literacy programs; relating to the insurance tax education credit, the income tax education credit, the oil or gas producer education credit, the property tax education credit, the mining business education credit, the fisheries business education credit, and the fisheries resource landing tax education credit; and providing for an effective date.

Official activity

Bill history

  1. (H) REFERRED TO FINANCE1412
  2. (H) GOVERNOR'S TRANSMITTAL LETTER1412
  3. (H) FN3: ZERO(EED/FUND CAP)1412
  4. (H) FN2: INDETERMINATE(REV)1412
  5. (H) FN1: ZERO(EED)1412
  6. (H) FIN1412
  7. (H) READ THE FIRST TIME - REFERRALS1412